Westwood Short Duration Fund Market Value
| WSDAX Fund | USD 9.58 0.03 0.31% |
| Symbol | Westwood |
Westwood Short 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Westwood Short's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Westwood Short.
| 05/05/2024 |
| 06/04/2024 |
If you would invest 0.00 in Westwood Short on May 5, 2024 and sell it all today you would earn a total of 0.00 from holding Westwood Short Duration or generate 0.0% return on investment in Westwood Short over 30 days. Westwood Short is related to or competes with Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, Jpmorgan Equity, Knife River, and 70082LAB3. The fund has flexibility to achieve its investment objective and invests in a broad range of income-producing securities... More
Westwood Short Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Westwood Short's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Westwood Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4343 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 1.47 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.5247 |
Westwood Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwood Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwood Short's standard deviation. In reality, there are many statistical measures that can use Westwood Short historical prices to predict the future Westwood Short's volatility.| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | 0.0039 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0649 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westwood Short's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Westwood Short Duration Backtested Returns
We consider Westwood Short very steady. Westwood Short Duration shows Sharpe Ratio of 0.0383, which attests that the fund had a 0.0383% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westwood Short Duration, which you can use to evaluate the volatility of the fund. Please check out Westwood Short's Mean Deviation of 0.2466, downside deviation of 0.4343, and Market Risk Adjusted Performance of 0.0749 to validate if the risk estimate we provide is consistent with the expected return of 0.0121%. The entity maintains a market beta of 0.0992, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Westwood Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westwood Short is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Westwood Short Duration has good reverse predictability. Overlapping area represents the amount of predictability between Westwood Short time series from 5th of May 2024 to 20th of May 2024 and 20th of May 2024 to 4th of June 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Westwood Short Duration price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Westwood Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Westwood Short Duration lagged returns against current returns
Autocorrelation, which is Westwood Short mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Westwood Short's mutual fund expected returns. We can calculate the autocorrelation of Westwood Short returns to help us make a trade decision. For example, suppose you find that Westwood Short has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Westwood Short regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Westwood Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westwood Short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westwood Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westwood Short Lagged Returns
When evaluating Westwood Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwood Short mutual fund have on its future price. Westwood Short autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Westwood Short autocorrelation shows the relationship between Westwood Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westwood Short Duration.
Regressed Prices |
| Timeline |
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Other Information on Investing in Westwood Mutual Fund
Westwood Short financial ratios help investors to determine whether Westwood Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Westwood with respect to the benefits of owning Westwood Short security.
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